4 Biggest Factors that Decide ICO Success
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In an attempt to better understand the ICO process and possibly receive new insights, a social media intelligence company called Singularex has investigated 1200 ICOs that have occurred in the last three years. The company was researching 100 different factors that may have an influence on an ICO and their results and has managed to narrow the list down to 4 crucial aspects that have a say in how an ICO will perform. Important statistics
Last year, various ICOs managed to raise as much as $6.8 billion. Before, they represented only a needle in a haystack that was all the venture money that US startups have managed to raise.
From the start of 2016 to Q1 2018, ICOs raised over $9 billion, and the numbers continue to grow every year.
However, not each ICO performs equally a good, and only around 10% of them have managed to raise over $50 million per ICO. Around 70% of them raised amounts between $10 million and $50 million, while the rest got only $10 million or less. The most successful ones were HDAC, with $258 million raised, followed by Fileecoin with $257 million, Tezos with $232 million, and Votes, which had $224 million.
Obviously, the ICO market is growing and developing as quickly as the rest of the crypto/blockchain world.
By studying their methods, as well as what they rely on, researchers were able to determine the main factors that are influencing the success of ICOs. The four factors influencing ICO success 1) Popularity of ICO website
The first, and likely the most significant factor, is the popularity of the ICO’s website.
Like any website, these ones gain popularity as a result of the projects’ marketing activities. The researchers have studied Alexa Rank of each individual ICO they managed to get data off, and have determined that this is among the top factors of influence. The more traffic the website receives, the bigger its rank when compared to other sites.
So, the closer the website is to the #1, the more popular it is.
As a consequence, the more popular websites have raised much more money than those that are positioned lower on the list. For example, if the ICO has Alexa rank anywhere in between of 100k and 10k, it will likely raise more than those sites with the rank of 1M.
2) Activity on Github
Most experienced investors have been known to pay close attention to what is happening on Github in order to determine which projects have potential and which do not. There are many ICOs that try to increase the quantity of their code by storing whitepapers, user agreements, working documents and alike there.
However, Github is the place where the worthiness of the code is truly determined. In the end, the more repository stars a certain ICO receives, the more money they are likely to get. loading..
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3) Token distribution percentage
Now it is time to talk about percentage.
According to researchers, around 95% of ICOs usually distribute anywhere between 43%-79% of their tokens through the initial coin offering. If the percentage of distributed tokens is increased, that doesn’t mean that the ICO will collect more funds. Strong projects that are more confident in their quality, and sure of their success usually do not distribute more than it is necessary. Anything else than that might make a project seem desperate, which is generally a bad thing.
4) The community
It would seem that everything always comes down to the community, which is not surprising, considering that a coin cannot live without its supporters. After researching communities of various ICOs, analysts found that not all of them are equally significant.
Activity on Reddit and Telegram has shown to be more important than talking about ICOs on Facebook or Twitter . Platforms like these simply aren’t as popular in the crypto world as Reddit and Telegram.
Additionally, many consider Twitter an unreliable place since it is easy to cheat on this platform. In the end, the success of an ICO might simply depend on how much of its community use Telegram as a method of crypto-related communication.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice.
Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer .
Image courtesy of Chris Bevan via Flickr Litecoin (LTC) price may be as high as $600 by the end of the year
Published Ali Qamar READ LATER – DOWNLOAD THIS POST AS PDF
Many predictions have been made lately around the price that Litecoin (LTC) may have by the end of the year, and as it seems, the crypto may hit the mark of 600 USD, a fact that results particularly interesting considering the current performance of the coin.
Litecoin figures in the charts as the 7th largest cryptocurrency with a market capitalization of $3,656,267,429, and a price of $62.9 at the time of press, according to Coinmarketcap. So if it were to happen that the price reaches that value by the end of the year, we would be speaking of an increase of 10 times the current price, or in other words, a 967 percent of the increase.
With relation to the above asseveration, many have been questioning whether or not the coin may get to that level, and also, what are the main reasons to believe that is a possible thing.
Let’s see all the details on this. Litecoin (LTC) description
Litecoin was created and developed by Charlie Lee back in 2011; it was launched via an open source client on Github. The LTC token is a decentralized peer-to-peer cryptocurrency that works under the license MIT/X11. Litecoin was created as a fork of Bitcoin, so in essence, it was meant to have the same characteristics of the leader of the sector, but improving some of the issues that Bitcoin has in its ledger.
In this sense, Litecoin’s ledger functions with a Proof-of-work timestamp scheme, and also has the hash function working with the algorithm Scrypt, instead of the one that Bitcoin uses, which is the SHA-256. An average operation takes 2.
5 seconds to be completed and is equipped with a token reward of 25 LTC (until 2019 according to an estimate).
In general terms, one could say that Litecoin is one of the strongest, if not the most, out of all of the altcoins that exist already. In fact, if we compare the crypto with Bitcoin (BTC) , we would find the LTC platform works way faster and with one of the cheapest prices per transaction as well. loading.
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In addition to this, Litecoin provides great usability, which means the platform utilizes blockchain processes such as smart contract liftings and others. But not only that, the currency also has the capability of being used as regular currency such as fiat money, which means users can buy lots of goods and services by using Litecoin. Facts on the Litecoin price prediction Bitcoin influence on the coin: We all know that Bitcoin has a great influence on each and every crypto in the market, and of course, this is something of which Litecoin is not exempt. However, this is not the only way Litecoin will receive an impulse from BTC, truth be told, with the present conditions of the market Bitcoin will likely deploy strategies in order to stabilize its system, and this might have as a consequence the increase of the transactions occurring in the network, so as the system clogs, many users will migrate to reliable platforms such as the one that LTC has.
Coinbase endorsement: Coinbase represents a huge endorsement for Litecoin , being LTC one of the privileged cryptos enlisted in the platform. Coinbase receives millions of transactions every day, and with more than 100,000 new users that each day engage with Coinbase, we can be sure that this will be a great piece in the puzzle in the long run. Media attention: Litecoin has been receiving a lot of attention on social media during the last months. This, in the beginning, was actually not a positive thing as many users were Tweeting their complaints regarding project failures in the past, such as the association with Litecoin’s LitePay .
However, the hard time seems to be gone for good, and now a bunch of artists, entrepreneurs, businessmen, doctors, and even athletes are supporting the crypto and endorsing the coin through its Twitter accounts. Bitcoin resemblance: As we said before Litecoin is related to Bitcoin because of the fork in which it was created, so in many aspects, both platforms provide very much the same. In fact, many users are starting to notice the resemblance between both cryptocurrencies and are starting to migrate to Litecoin as it represents a cheaper and faster option. Conclusion
Litecoin has actually all of the features and tools to succeed in the goal of reaching never-before-seen heights. In fact, the coin has already done this in 2013 and 2017, so we can be sure that is actually a possible thing to happen.
Additionally, Charlie Lee, CEO of the company, is hungry for success, and proof of that is the Tweets that he publishes stating that Litecoin is coming for Bitcoin. So stay tuned, this might be the Litecoin’s year.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your thorough research before investing in any cryptocurrency and read our full disclaimer .
Image courtesy of Pxhere.com Nano cryptocurrency explicated, what is XRB Token and its future now?
Published Ali Qamar READ LATER – DOWNLOAD THIS POST AS PDF
One of the significant issues affecting popular blockchain technologies such as Bitcoin is the subject of scalability. Blockchain technologies are created in such a way that every block on the blockchain can only handle and store a limited volume of data or information. For instance, Bitcoin’s block size is limited to 1MB . However, with the ever-increasing demand, users are forced to live with higher transaction fees and times.
Nano cryptocurrency as technology brings a new breath of fresh vibrancy in the cryptocurrency space offering a novel design architecture that can provide instant transaction times with unlimited scalability. What is NANO?
Formerly known as RailBlocks, NANO is a virtual currency that is based on DAG and block-lattice data structure. Nano cryptocurrency is an advanced technology that is not similar to any other cryptocurrency in the market thanks to its advanced technology.
Some of the features of NANO include the elimination of miners and mining on its platform and allowing digital instantaneous and zero-rated settlements. Nano’s Block-lattice Architecture
Nano cryptocurrency has a single blockchain for every individual account that is controlled by the private key belonging to the primary account.
Each blockchain is duplicated to all the peers in the platform. This process of duplication is known as a block-lattice.
Using its send and receive blocks, balances are transferred between blockchains where the send blocks decrease the balance of the primary account and identify the delta as a receivable using an account number. As the process continues, a receive block is created by the receiving account which increases the amount of money in the account using the delta.
Using the novel Directed Acyclic Graph or DAG which is based on the block lattice architecture, Nano ensures each user is in possession of their blockchain.
A user blockchain is tasked with the responsibility to record account balances instead of tracking transaction amounts like in other blockchain technologies.
This method adopted by the Nanotechnology assists in allowing the use of database pruning that helps less absolute storage requirements. Also, every user blockchain is tasked with the duty to reflect information that is related to the user’s balance record or history, functionality that can only be updated by the owner.
One of the features that make the lattice architecture stand out is the ability of an individual’s blockchain to be updated to the main block lattice asynchronously.
Since absolute control over individual blockchains is vested in unique users, distributed agreement protocols that are responsible for the decision of the shared global state of the ledger are not a requirement.
Such distributed agreement protocols include proof-of-work or POW and proof-of-stake also known as PoS. loading… The Future of Nano Technology and Cryptocurrency
In today’s world and the cryptocurrency/ blockchain ecosystem, there is no shortage of innovation as constant news of upgrades, and changes meet the world.
At the moment, Nanotechnology might be the most innovative technology the cryptocurrency market has ever witnessed. Thanks to its novel block-lattice architecture, Nano has managed to revolutionize the cryptocurrency space by building a truly decentralized network of instant and free transactions.
Going by the current progress, the Nano project has managed to accomplish remarkably; it is safe to say that the future is bright for Nano coin.
XRB Token and Price Prediction
XRB is the default cryptocurrency used by NANO that has been recording surprising growth rates over the past seven days. The coin efficiently recorded a growth rate of about 90%.
In the seven day duration, XRB maintained impressive price surges concluding the week with a flattering performance.
Currently, the Nano coin is being exchanged at $3.
18 with a market cap of over $420 billion US dollars, and a trading volume of about $47 million in the span of 24-hours.
XRB’s $3.18 price looks like a reasonable price, but it falls behind its all-time high rate of $30 that it clocked back in January. If cryptocurrency market rides the ‘heavy bulls’ at the end of this year, as anticipated by many crypto experts, Nano coin ‘s price will also get appreciated. Still, it is hard to tell that the cryptocurrency will reach its all-time high this year.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your thorough research before investing in any cryptocurrency and read our full disclaimer . Stellar XLM is a Smart Play, Here is Why
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Stellar XLM is a well-known platform that has received a lot of popularity and attention recently. Its goal is to connect payment systems, banks, and people in a more efficient way, and make the payment processes faster and easier to do.
In fact, its protocol is specially designed for making international payments faster, and more efficient.
Not only that, but Stellar XLM also allows others to issue tokens through ICOs, DEXs, and it even hosts dApps.
It was created by a group consisting of David Mazieres, Graydon Hoare, and Jed McCaleb back in 2014. So far, it has managed to attract numerous investors, advisors, as well as board members which all include some pretty big names.
Stellar wishes to make the world better by making financial services better, which is why it has a potential of being one of the biggest projects that will lead us into a brighter future. Of course, this takes time, and investing in Stellar should be viewed as a long-term thing. Here are some of the reasons why investing in this project is the smart decision. Why investing in Stellar XLM is a good idea 1) Partnership with IBM
Over the years, Stellar has become pretty close with IBM, and the two have made a lot of progress on multiple mutually-shared initiatives. In a lot of cases, partnerships between companies and various cryptos are only real in name.
Firms wish to demonstrate how modern and progressive they are, and the cryptos receive more attention due to their new connection to a big name.
However, this is not the case with Stellar and IBM . Ever since the two have partnered up, this collaboration has demonstrated extreme value for both parties. IBM uses XLM for the firm’s blockchain solutions in the real-world environment, and the partnership has led to a lot of improvement in cross-border payments.
IBM has also revealed plans to create their personal token, Verde, which will likely mean that the firm will use Stellar as a primary bridge asset in the UPS, their joint venture. What Stellar is getting in return is 8 validating nodes, and their tech used for their own customers. Additionally, numerous joint projects started by the two entities continue to thrive. 2) Stellar XLM supports stable coins
Stable coins appeared as a method of pointing out the high volatility of cryptocurrencies. They do so by tying themselves to assets in the real world, like a fiat currency.
This has brought several stable coins, with the best-known one being Tether, which is tied to the US dollar.
Now, there is news of another stable coin, US Anchor, doing the same, and doing it through Stellar’s network.
This coin is being launched by a startup going by the name of Stronghold. And, while Tether’s financial backing isn’t exactly known to the public, Anchor is said to be backed by the dollar completely and will use the funds held by a firm called Prime Trust.
IBM itself is also involved in this project, with the goal of exploring the use cases that stable coins can bring up. Additionally, due to its large customer ecosystem, IBM is also the perfect way for the coin to reach the market. Eventually, IBM hopes to see Achor become a go-to coin for financial institutions, and for various purposes at that.
If Anchor, or some other stable coin, gets implemented on Stellar’s network without issues it is also expected that CBDC (Central Bank Digitally Issued Currency) might soon come too.
While this would bring Stellar to the new heights, there is also a question of decentralization involved. Stellar itself is decentralized, which might mean that the banks would have a problem with that.
Additionally, many are wondering if stable coins might hurt Stellar’s potential to serve as a bridge asset. However, while this is a valid concern, it is not completely clear whether or not stable coins will actually pose a threat to Stellar’s functionality.
3) Coinbase targeting Stellar XLM
Coinbase has been every crypto’s dream for years now, and a lot of coins would give anything to find themselves on their list. Historically, Coinbase has been rather selective of the coins it adopts. This is due to numerous regulative uncertainties since the platform doesn’t want to get into trouble if it turns out that one of their coins is a security or a scam. loading…
However, the platform has been making serious efforts on overcoming this fear and expanding their token list. Recently, they announced that they are looking into numerous coins in search of their next addition, with Stellar being one of them. Of course, this doesn’t mean that Stellar is already on the list since Coinbase itself said that maybe none of the coins that they are considering will actually be added.
Still, the fact that Coinbase took Stellar as a potential candidate means a lot for this crypto. 4) Stellar XLM targets a huge addressable market
We already mentioned that Stellar is looking into revolutionizing numerous markets, but when they are combined, its total addressable market is really huge and worth of tens of trillions of dollars. Even if it gets involved in a tiny fraction of this, that could still mean billions of dollars for everyone involved, and the coin’s price would reach the moon.
Of course, Stellar has a lot of work to do here, and it even has a lot of competition like OmiseGo and Ripple . However, its biggest adversary is the traditional method of making payments. Stellar is bringing new technology, one that many are still wary of. With that in mind, it will first have to convince these markets that its tech is reliable and truly better than what they have been using for decades. 5) The Lightning network
The Lightning network has brought a promise of an increase in privacy, and the coins that wish to remain relevant will likely have no choice but to get on it.
Stellar is way ahead of many others in this regard, and it hopes to have a live implementation by the end of the year.
Lightning Network’s technology will allow it, even more, use cases, and much, much faster transaction speeds. Not to mention near-free and near-instant atomic swaps between XLM, Stellar’s other tokens like Anchor, and other cryptos. 6) Stellar XLM allows ICOs
Ethereum has grown to be a second largest crypto for a reason, and that is its ability to raise funds through ICOs. Now, Stellar hopes to do the same.
However, Stellar is hoping to do things a bit differently. It doesn’t require gas for a program executing, and its transaction fees are extremely small. This makes it very attractive for developers, especially since gas prices on other blockchains have grown to be very expensive.
Additionally, Stellar (XLM) even has a decentralized exchange that allows for immediate token trading. All of this combined is making Stellar one of the most attractive coins today, and it basically secures it as one of the coins of the future.
Because of that, avoiding Stellar now would be a big mistake for everyone hoping to make a smart investment.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer .
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